Posted on: 23rd Jun, 2010 07:01 pm
My home is worth 88K. I've owned it for a year making monthly payments of 550.00 a month. How much can i borrow against it?
Probably nothing. Did you put a large down payment on it when you purchased? What is your current balance? It's most likely not appreciated much, if any, so it's doubtful you could borrow anything against it.